HUL, India’s biggest FMCG company, is expected to post a double-digit revenue growth in the third quarter. However, operating margins are likely to decline year-on-year due to increasing advertising spends. Management outlook on rural demand and new products will be keenly awaited. Meanwhile, Asian Paints will also report its Q3 earnings. What should one expect? Catch this chat between Nandita Khemka and Mangalam Maloo to know more!
Hindustan Unilever Limited’s discretionary and out-of-home product portfolio, which consists of brands such as Magnum, Kwality Walls, Cornetto and beauty brands like Lakme, reached pre-COVID-19 levels of growth in the third quarter, the company said.
HUL’s top management while addressing a post-earnings media briefing indicated that inflation will remain a worry for the FMCG industry in the March quarter too, and any relief can be expected only in the second half of the calendar year.
Hindustan Unilever, India's largest fast-moving consumer goods company, on January 20 reported a 16.8 percent year-on-year rise in net profit to Rs 2,243 crore for the quarter ended December, which was in line with analysts' expectations of Rs 2,242.7 crore.
Revenue grew 9.4 percent to Rs 7,038 crore in the quarter ended December 2013 from Rs 6,433.7 crore in a year ago period, which was slightly lower than forecast.
Reported profit after tax of the company is expected to grow 7.8 percent year-on-year to Rs 939 crore and net sales may surge 10.6 percent to Rs 7,116 crore in the quarter ended December 2013.